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Let's see you justify dismantling Dodd-Frank, then. Did you learn nothing from 2008? I suppose on the plus side, we wouldn't be here on this particular forum right now hodling our bitcoins if it weren't for that mess. But I honestly don't see the point in not just
repeating past mistakes but also
compounding them. The banks need to be kept on a short leash or they will continue to abuse their power to magically create
money IOUs, which some people like to pretend are money, from thin air. The word "responsibility" isn't even in their vocabulary. There are
at least four reasons listed here why trump is a clown. I promise you this won't end well.
You're defending a piece of complex legislation written by bankers for bankers, and asserting it's for the benefit of the little man.
I don't buy that. Not one bit.
Neither have you offered a shred of evidence that your assertions have backing.
Neither does the article you quote support your personal faith in Dodd Frank.
You don't buy that there were unsound and unsafe banking practices that led to the 2008 crash? Or you don't buy that the law curbs some of those risks? You're defending a move which is clearly profitable for bankers and increases the risk of casino-style banking and the threat of future bailouts/bailins. Incontrovertibly, not having to pay for the mistakes of the finance sector is in the benefit of the little man. If you have any dealings in fiat, it's in your benefit not to pay for those mistakes either.
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